The business was founded in 1998 with Tantra Designs Pvt. Ltd., a garments manufacturing company which has expanded to one of India's leading fashion houses. The company diversified into Real Estate development and hospitality in 2006 and grew to its present status as a group of companies. In 2010, Devasthali Group inaugurated its first four star resort in Goa, which has bagged several prestigious awards from portals of international standing like Trip Advisor.com. Devasthali prides itself on its strong investor relationship and outstanding delivery record. In 2013, Devasthali inaugurated a multistoried corporate tower in Noida and hence venturing into the NCR region. With a strong presence in Goa and NCR markets, Devasthali aims at delivering many more iconic projects.